Word: tariff
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...Extend the Reciprocal Trade Agreements Act for at least three years. Cf Empower the President to cut all tariff rates by 5% each year over a period of three years...
...Simplify tariff classifications and customs procedures...
What happens next rests squarely with the U.S. "As the strongest economic power," said the influential Committee for Economic Development last month, "the direction which our tariff policy takes will . . . determine whether the free world moves ahead to widening markets and expanding production...
Cheese & Scarves. Many U.S. tariff policies are still geared to the outdated habits of a nation trying to get onto its economic feet. Others are contradictory, and even self-defeating. Examples: CJ U.S. Marshall Plan experts helped the Danes expand their blue-cheese industry, so that Denmark could earn the dollars it needed to buy U.S. goods. But when the Danes started selling their cheese, the U.S. imposed a quota to keep all but a sliver of foreign blue cheese out. CJ The U.S. lays great stress on the 1921 Anti-Dumping Act, which protects domestic markets from the unfair...
...Tariff Wall. Yearly, the U.S. imports about $11 billion worth of goods: of these, half enter duty-free, and two-fifths pay duties of less than 30%. Yet cheap sun glasses pay 335.7% ad valorem, pocket knives with folding blades 89.5%, concentrated lemon juice...